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  • Edward Blair defending High-frequency trading practices
    According to FX week Asia, the practices of high-frequency trading participants in the foreign exchange market were robustly defended by speakers at the FX Week Asia conference in Singapore on October 18.Edward Blair, a high-frequency trader and chief executive of Microsecond Trading Software, a Singaporean consulting firm that has an exclusive licensing agreement with a proprietary trading firm in Chicago stated:”Many of the predatory unfair practices attributed to high-frequency traders are not new. There’s nothing new under the sun in trading, it’s just happening faster”.  This topic will also be discussed further by Edgar Perez, author of The Speed Traders, An Insider's Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World (http://www.thespeedtraders.com), at The Speed Traders Workshop 2011, "The Present and Future of High-Frequency Trading" (http://www.thespeedtradersworkshop.com), in Singapore, Hong Kong and Sao Paulo. The Speed Traders Workshop 2011 will be extremely helpful for all delegates who are working in finance and investments, from financial institutions, investment banks, hedge funds, pension funds, broker dealers, consultancy groups, prime brokers, solution providers and exchanges, who wish to gain a thorough understanding and practical knowledge of high-frequency trading.
    Joel Clark reports that in an exclusive address at the conference, Blair attempted to dispel some of the myths relating to high-frequency trading and insisted it adds liquidity to the FX markets, echoing the findings of a major study by the Bank for International Settlements published last month. “There will always be insider deals and there will always be faster information. Some of those are used for dubious strategies like scalping and I would certainly take issue with front-running customers, but on balance they tend to add liquidity,” said Blair.
    But he supported moves by some trading platforms, particularly Icap’s EBS, to impose new rules to accommodate the needs of manual and high-frequency participants, such as minimum quote life and restrictions on the number of orders that can be placed per second.
     The Speed Traders Workshop 2011, led by Edgar Perez, author of The Speed Traders, will reveal how high-frequency trading players are succeeding in the global markets and driving the development of algorithmic trading at breakneck speeds from the U.S. and Europe to India, Singapore and Brazil. Highlights of The Speed Traders Workshop 2011 include:
    ·         The first and most comprehensive initiation to the world of high-frequency trading
    ·         Study materials provided by Edgar Perez, the author of the latest book on the subject of speed trading, and a well-known presenter in America, Europe and Asia
    ·         Latest update on high-frequency trading in the world and current regulatory initiatives
    ·         Techniques to detect high-frequency trading in the markets
    ·         Key enablers of high-frequency trading in the U.S., Europe and Asia
    ·         Proposed regulatory initiatives after the "flash crash”
    ·         Up-to-date review of the future of high-frequency trading
    The Speed Traders, published by McGraw-Hill Inc., available online at amazon.com, Barnes & Noble, BORDERS, and INDIEBOUND, among multiple bookstores, is the most comprehensive, revealing work available on the most important development in trading in generations. High-frequency trading will no doubt play an ever larger role as computer technology advances and the global exchanges embrace fast electronic access. The Speed Traders explains everything there is to know about how today's high-frequency traders make millions—one cent at a time. In this new title, The Speed Traders, Mr. Perez opens the door to the secretive world of high-frequency trading. Inside, prominent figures drop their guard and speak with unprecedented candidness about their trade.
    Mr. Perez is widely regarded as the pre-eminent networker in the specialized area of high-frequency trading. He has been featured on CNBC Cash Flow with Oriel Morrison (http://video.cnbc.com/gallery/?video=2023403523), BNN Business Day with Kim Parlee (http://watch.bnn.ca/business-day/august-2011/business-day-august-19-2011/#clip519647), TheStreet.com with Gregg Greenberg (http://www.thestreet.com/video/11144274/high-frequency-traders-not-the-enemy.html), Channel NewsAsia Cent & Sensibilities with Lin Xue Ling, The Wall Street Journal, The New York Times, Los Angeles Times, iMoney Hong Kong, Hedge Fund Brief, Oriental Daily News Hong Kong, and more. He has been engaged as speaker at Harvard Business School’s 17th Annual Venture Capital & Private Equity Conference, High-Frequency Trading Leaders Forum 2011 (New York, Chicago, Hong Kong, Sao Paulo, Singapore), CFA Singapore, Hong Kong Securities Institute, Courant Institute of Mathematical Sciences at New York University (New York), Global Growth Markets Forum (London), Technical Analysis Society (Singapore), Middle East Hedge Funds Investors Summit 2012 (Riyadh, Saudi Arabia), among other global forums.
    Mr. Perez was a vice president at Citigroup, a senior consultant at IBM, and a consultant at McKinsey & Co. in New York City. Mr. Perez has an undergraduate degree from Universidad Nacional de Ingeniería, Lima, Peru (1994), a Master of Administration from Universidad ESAN, Lima, Peru (1997) and a Master of Business Administration from Columbia Business School, with a dual major in Finance and Management (2002). He belongs to the Beta Gamma Sigma honor society. Mr. Perez resides in the New York City area and is an accomplished salsa and hustle dancer.
    Mr. Perez is one of the great business networkers and motivators on the lecture circuit; he is available worldwide for the following speaking engagements: Present and Future of High-Frequency Trading, The Real Story behind the "Flash Crash", Networking for Financial Executives, and Business Networking for Success.
    Oct 25 4:42 PM | Link | Comment!
  • U.S., U.K. Regulators to Weigh High-Frequency Registration
    According to the Wall Street Journal, top market regulators of the U.S. and the U.K. this week will discuss the idea of formally registering high-speed electronic trading firms, the chairman of the U.S. Commodity Futures Trading Commission said Tuesday. This topic will also be discussed further by Edgar Perez, author of The Speed Traders, An Insider's Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World (http://www.thespeedtraders.com), at The Speed Traders Workshop 2011, "The Present and Future of High-Frequency Trading" (http://www.thespeedtradersworkshop.com), in Singapore, Hong Kong and Sao Paulo. The Speed Traders Workshop 2011 will be extremely helpful for all delegates who are working in finance and investments, from financial institutions, investment banks, hedge funds, pension funds, broker dealers, consultancy groups, prime brokers, solution providers and exchanges, who wish to gain a thorough understanding and practical knowledge of high-frequency trading.
    So-called high-frequency trading—a method of rapidly buying and selling securities—has come under scrutiny in recent years as slower-moving investors have raised concerns around being outpaced, and financial markets have increasingly come to rely on the liquidity offered by such firms.
    Regulators have sought to better understand high-frequency trading strategies, but some like the CFTC's Mr. Chilton have raised concerns that regulators' reach isn't far enough to cover firms that wield trading algorithms with the potential to disrupt markets if they aren't used properly. Exchange executives, speaking at an event hosted by the Futures Industry Association on Tuesday, said that high-frequency trading needs to be better understood by both lawmakers and the general public. Garry Jones, global head of derivatives for NYSE Euronext, said he has had to correct misunderstandings of the business by members of the European Parliament.
    The Speed Traders Workshop 2011, led by Edgar Perez, author of The Speed Traders, will reveal how high-frequency trading players are succeeding in the global markets and driving the development of algorithmic trading at breakneck speeds from the U.S. and Europe to India, Singapore and Brazil. Highlights of The Speed Traders Workshop 2011 include:
    ·         The first and most comprehensive initiation to the world of high-frequency trading
    ·         Study materials provided by Edgar Perez, the author of the latest book on the subject of speed trading, and a well-known presenter in America, Europe and Asia
    ·         Latest update on high-frequency trading in the world and current regulatory initiatives
    ·         Techniques to detect high-frequency trading in the markets
    ·         Key enablers of high-frequency trading in the U.S., Europe and Asia
    ·         Proposed regulatory initiatives after the "flash crash”
    ·         Up-to-date review of the future of high-frequency trading
    The Speed Traders, published by McGraw-Hill Inc., available online at amazon.com, Barnes & Noble, BORDERS, and INDIEBOUND, among multiple bookstores, is the most comprehensive, revealing work available on the most important development in trading in generations. High-frequency trading will no doubt play an ever larger role as computer technology advances and the global exchanges embrace fast electronic access. The Speed Traders explains everything there is to know about how today's high-frequency traders make millions—one cent at a time. In this new title, The Speed Traders, Mr. Perez opens the door to the secretive world of high-frequency trading. Inside, prominent figures drop their guard and speak with unprecedented candidness about their trade.
    Mr. Perez is widely regarded as the pre-eminent networker in the specialized area of high-frequency trading. He has been featured on CNBC Cash Flow with Oriel Morrison (http://video.cnbc.com/gallery/?video=2023403523), BNN Business Day with Kim Parlee (http://watch.bnn.ca/business-day/august-2011/business-day-august-19-2011/#clip519647), TheStreet.com with Gregg Greenberg (http://www.thestreet.com/video/11144274/high-frequency-traders-not-the-enemy.html), Channel NewsAsia Cent & Sensibilities with Lin Xue Ling, The Wall Street Journal, The New York Times, Los Angeles Times, iMoney Hong Kong, Hedge Fund Brief, Oriental Daily News Hong Kong, and more. He has been engaged as speaker at Harvard Business School’s 17th Annual Venture Capital & Private Equity Conference, High-Frequency Trading Leaders Forum 2011 (New York, Chicago, Hong Kong, Sao Paulo, Singapore), CFA Singapore, Hong Kong Securities Institute, Courant Institute of Mathematical Sciences at New York University (New York), Global Growth Markets Forum (London), Technical Analysis Society (Singapore), Middle East Hedge Funds Investors Summit 2012 (Riyadh, Saudi Arabia), among other global forums.
    Mr. Perez was a vice president at Citigroup, a senior consultant at IBM, and a consultant at McKinsey & Co. in New York City. Mr. Perez has an undergraduate degree from Universidad Nacional de Ingeniería, Lima, Peru (1994), a Master of Administration from Universidad ESAN, Lima, Peru (1997) and a Master of Business Administration from Columbia Business School, with a dual major in Finance and Management (2002). He belongs to the Beta Gamma Sigma honor society. Mr. Perez resides in the New York City area and is an accomplished salsa and hustle dancer.
    Mr. Perez is one of the great business networkers and motivators on the lecture circuit; he is available worldwide for the following speaking engagements: Present and Future of High-Frequency Trading, The Real Story behind the "Flash Crash", Networking for Financial Executives, and Business Networking for Success.
    # # #
    Tags: CNBC, IBM, HP
    Oct 25 3:56 PM | Link | Comment!
  • Regulators recommending Guidelines To Better Monitor High-Frequency Trading
    Reuters reports that global regulators published guidelines on Thursday to better monitor automated transactions while saying there was little hard evidence to justify reining in high-frequency trading. Leaders of the world's G20 major economies last November called on the International Organization of Securities Commissions (IOSCO) to mitigate risks from technological advances in trading technology.. This topic will also be discussed further by Edgar Perez, author of The Speed Traders, An Insider's Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World (http://www.thespeedtraders.com), at The Speed Traders Workshop 2011, "The Present and Future of High-Frequency Trading" (http://www.thespeedtradersworkshop.com), in Singapore, Hong Kong and Sao Paulo. The Speed Traders Workshop 2011 will be extremely helpful for all delegates who are working in finance and investments, from financial institutions, investment banks, hedge funds, pension funds, broker dealers, consultancy groups, prime brokers, solution providers and exchanges, who wish to gain a thorough understanding and practical knowledge of high-frequency trading.
    HFT accounted for 56 percent of U.S. and 36 percent of European equity volume last year, according to TABB Group. There is no agreed definition of HFT but it typically involves algorithms that instruct ultra-fast computers to trade across assets, darting in and out of markets to exploit small price changes.
    IOSCO said that the available evidence fails to find a consistent and significant negative effect of HFT on liquidity.However, IOSCO, which groups regulators -- such as the U.S. Securities and Exchange Commission and Britain's Financial Services Authority -- from some 100 countries, said the submission of large numbers of orders and trades across multiple venues poses significant challenges to competent authorities.
    IOSCO's recommendations, which its members will begin implementing straight away, focus on closer monitoring of HFT rather than trying to curb it. A rule from the SEC takes full effect next month, forcing broker dealers to block reckless orders piped by clients directly on to markets. IOSCO also requires trading venues to be able to halt dealings quickly to avoid flash crashes, and to have controls on clients that allowed direct access to markets using its systems.
    The Speed Traders Workshop 2011, led by Edgar Perez, author of The Speed Traders, will reveal how high-frequency trading players are succeeding in the global markets and driving the development of algorithmic trading at breakneck speeds from the U.S. and Europe to India, Singapore and Brazil. Highlights of The Speed Traders Workshop 2011 include:
    ·         The first and most comprehensive initiation to the world of high-frequency trading
    ·         Study materials provided by Edgar Perez, the author of the latest book on the subject of speed trading, and a well-known presenter in America, Europe and Asia
    ·         Latest update on high-frequency trading in the world and current regulatory initiatives
    ·         Techniques to detect high-frequency trading in the markets
    ·         Key enablers of high-frequency trading in the U.S., Europe and Asia
    ·         Proposed regulatory initiatives after the "flash crash”
    ·         Up-to-date review of the future of high-frequency trading
    The Speed Traders, published by McGraw-Hill Inc., available online at amazon.com, Barnes & Noble, BORDERS, and INDIEBOUND, among multiple bookstores, is the most comprehensive, revealing work available on the most important development in trading in generations. High-frequency trading will no doubt play an ever larger role as computer technology advances and the global exchanges embrace fast electronic access. The Speed Traders explains everything there is to know about how today's high-frequency traders make millions—one cent at a time. In this new title, The Speed Traders, Mr. Perez opens the door to the secretive world of high-frequency trading. Inside, prominent figures drop their guard and speak with unprecedented candidness about their trade.
    Mr. Perez is widely regarded as the pre-eminent networker in the specialized area of high-frequency trading. He has been featured on CNBC Cash Flow with Oriel Morrison (http://video.cnbc.com/gallery/?video=2023403523), BNN Business Day with Kim Parlee (http://watch.bnn.ca/business-day/august-2011/business-day-august-19-2011/#clip519647), TheStreet.com with Gregg Greenberg (http://www.thestreet.com/video/11144274/high-frequency-traders-not-the-enemy.html), Channel NewsAsia Cent & Sensibilities with Lin Xue Ling, The Wall Street Journal, The New York Times, Los Angeles Times, iMoney Hong Kong, Hedge Fund Brief, Oriental Daily News Hong Kong, and more. He has been engaged as speaker at Harvard Business School’s 17th Annual Venture Capital & Private Equity Conference, High-Frequency Trading Leaders Forum 2011 (New York, Chicago, Hong Kong, Sao Paulo, Singapore), CFA Singapore, Hong Kong Securities Institute, Courant Institute of Mathematical Sciences at New York University (New York), Global Growth Markets Forum (London), Technical Analysis Society (Singapore), Middle East Hedge Funds Investors Summit 2012 (Riyadh, Saudi Arabia), among other global forums.
    Mr. Perez was a vice president at Citigroup, a senior consultant at IBM, and a consultant at McKinsey & Co. in New York City. Mr. Perez has an undergraduate degree from Universidad Nacional de Ingeniería, Lima, Peru (1994), a Master of Administration from Universidad ESAN, Lima, Peru (1997) and a Master of Business Administration from Columbia Business School, with a dual major in Finance and Management (2002). He belongs to the Beta Gamma Sigma honor society. Mr. Perez resides in the New York City area and is an accomplished salsa and hustle dancer.
    Mr. Perez is one of the great business networkers and motivators on the lecture circuit; he is available worldwide for the following speaking engagements: Present and Future of High-Frequency Trading, The Real Story behind the "Flash Crash", Networking for Financial Executives, and Business Networking for Success.
    # # #
    Oct 25 1:06 PM | Link | Comment!
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